Understanding Time Preference In The Shadow Of Bitcoin Volatility
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Understanding Time Preference In The Shadow Of Bitcoin Volatility
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Bitcoin can be viewed as a 'volatile' asset for most people. For some, it is seen simply as price discovery for the world's first infinitely scarce asset. It comes down to an idea known as 'time preference'. Bitcoin is a volatile and "unpredictable" asset if you are day trading, or thinking in terms of weeks or months. When you look at Bitcoin through the lens of YEARS and DECADES and even GENERATIONS...the conversation changes dramatically.
This episode is NOT financial advice, just my opinions.
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